International Trade Case Study:
International trade is the exchange with the resources between the several countries of the world or the involvement of the country into the global economic activity. The humanity has been trading on the international level for centuries. It is obvious that one country can not provide itself with all the required products and resources, because the latter depend on the geographic and climatic factors. If the country does not have the access to oil, coal, etc, it has purchase the resources abroad.
The same thing is with the food products, including the “exotic” ones, which do not grow on the territory of the country. Of course, it does not mean that the country which has nothing can receive everything, it wants. Every side involved into the international trade is interested in something and the exchange is most often fair on the global market. Continue reading